If Twitter trading is closed, will it affect your earnings, know here

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Trading of its shares on the New York Stock Exchange (New York Stock Exchange) will be closed on Friday, October 28. From which you will not be able to buy and sell shares.

If you want to buy or sell Twitter shares, you will not be able to buy and sell Twitter shares today, because the trading of its shares on the New York Stock Exchange of America will be closed on Friday, October 28. Let us know that to complete the 44 billion dollar deal with Twitter, Musk has to complete the Twitter acquisition deal today. Otherwise they may have to face trial in court. During this time, the trading of shares of Twitter will be closed until the deal process is completed. This can have a significant impact on your earnings.

You won’t be able to earn right now because Twitter shares are trading off. After Musk’s Twitter acquisition deal is complete, you will gain and lose. It is difficult to say about it. Let us know when the deal process will be completed. After this, the trading of shares of Twitter will begin. But how much will its share price be? This will be known only after the start of trading but till then you have to wait.

Tell us that in early trading on Thursday, Twitter’s shares were up about 1% at $53.94. The stock was up nearly 65% ​​from a four-month low in July. According to sources, Sequoia Capital, Binance, Qatar Investment Authority and other equity investors involved in Twitter’s deal with Musk have also been provided all necessary documents by Musk’s lawyer. In the past six months, there have been many twists and turns in this deal. At first, Twitter rejected the offer. Then after accepting it, Musk canceled the deal accusing the spam account. After which Twitter has now moved to court.

Musk offered so many dollars per share

Elon Musk has offered $54.20 per share to buy Twitter’s holdings. Shares of Twitter closed trading at $53.35 on the New York Stock Exchange on Wednesday. This is about one and a half percent less than the price offered by Musk. The company’s shares were up 0.3 percent at a seven-month high of $52.94, the closest to Musk’s offer since it was announced in mid-April.

Shares had fallen to so many dollars in July

Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research, says the market’s skepticism is diminishing, but not yet completely gone. In the six months of dramatic back-and-forth since Musk announced his bid, Twitter initially resisted the deal by adopting a poison pill and later suing the world’s richest man after he took to the platform. Twitter shares fell to $32.50 in July after announcing plans to drop its offer over concerns about spam accounts.

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